Q3 ’19: Huawei: Solid Volume and ASP Growth

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Report Summary:

Huawei surprised everyone and posted an impressive performance in Q3 2019. Its smartphone shipments grew +29% YoY and its wholesale revenue increased +38% YoY. China was the main growth engine, while overseas market is a mixed bag. Facing the US ban, Huawei is escalating the development of Huawei Mobile Service (HMS), which would replace Google Mobile Service in overseas markets. However, it takes time to build up own ecosystem and services. Huawei would face uphill and uncertain 2020 ahead.

Table of Contents

1. Executive Summary
2. Q3 2019 Performance Review and In-depth Analysis
3. Quarterly Financial Charts
4. New Model Analysis and Forecast
5. Recommendations and Outlook
6. How Can We Help You
7. Analyst Contacts

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